Eli Lilly and Company (LLY) on Thursday reported positive topline results from its Phase 3 TRANSCEND-T2D-1 study of retatrutide in adults with type 2 diabetes.
The trial met its primary and all key secondary endpoints, showing superior A1C reduction and weight loss at 40 weeks compared to placebo. Participants treated with retatrutide achieved average A1C reductions of up to 2%, while also losing up to 36.6 pounds (16.8%) on average, with weight loss continuing through the treatment period.
Lilly shares had closed at $918.05, down 1.32%.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.